The USDA has projected that a global economic slowdown combined with inflation and higher interest rates will erode U.S. food and agriculture exports by 12 percent through 2026. Exports would decline across the board, with grains and soybeans hit the hardest, but a rebound is expected to begin in 2027. USDA says imports would also be affected by the worldwide slowdown but would recover by the end of the decade.
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